China Yuchai International Limited (NYSE:CYD) Short Interest Up 95.7% in June

China Yuchai International Limited (NYSE:CYD) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 13,500 shares, an increase of 95.7% from the May 31st total of 6,900 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 13,900 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Verity Asset Management Inc. bought a new stake in China Yuchai International in the 1st quarter valued at approximately $175,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in China Yuchai International by 3.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 70,475 shares of the company’s stock valued at $712,000 after buying an additional 2,605 shares during the last quarter. Finally, Shah Capital Management boosted its stake in shares of China Yuchai International by 0.4% during the 4th quarter. Shah Capital Management now owns 4,108,507 shares of the company’s stock worth $34,429,000 after buying an additional 17,071 shares during the last quarter.

China Yuchai International Stock Down 0.7 %

Shares of NYSE:CYD traded down $0.06 during midday trading on Friday, reaching $9.10. 8,544 shares of the company were exchanged, compared to its average volume of 17,125. The company has a current ratio of 1.59, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. China Yuchai International has a fifty-two week low of $7.83 and a fifty-two week high of $12.50. The stock has a fifty day simple moving average of $8.53 and a two-hundred day simple moving average of $8.53.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of China Yuchai International in a research report on Friday. They issued a “buy” rating for the company.

China Yuchai International Company Profile

China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, construction, agriculture, and generator set applications in the People's Republic of China and internationally.